NOT LISTED FOR SALE

1432 Drake Ave Burlingame, CA 94010

Easton Addition Neighborhood

Estimated Value: $3,612,000 - $4,092,119

3 Beds
2.5 Baths
2,890 Sq Ft
$1,345/Sq Ft Est. Value

Last Sold June 17, 2019

Last sale price $2,800,000 $969 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $24,713/month

4 Days on Market

Highlights

  • Deck
  • Living Room with Fireplace
  • Wood Flooring
  • Lincoln Elementary School Rated A
  • Vaulted Ceiling
  • Granite Countertops

About This Home

As of June 2019

Elegant Spanish style home offers sun-swept living. Beautifully located in the most desirable Easton Addition this home showcases supreme charm. Built in 1935 this timeless jewel shines for casual living and elegant entertaining. From the moment you enter this home you will feel the comfort and quality of classic design with the finest architectural detail. The spacious floor plan is approx. 2,890 sf and has 3 bedrooms and 2.5 bathrooms including a luxurious sky room recreational retreat and finished basement bonus room with fireplace. Situated on approx 6,000 sf lot of mature foliage this property has access to exceptional schools and is conveniently located with close proximity to Silicon Valley and San Francisco

Last Agent to Sell the Property

Patty Dwyer Group

Compass License #70010007 Listed on: 05/11/2019

Compass

Last Buyer's Agent

Mike Bohnert

Compass License #01325031

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,205

Year Built

  • Built in 1935

Lot Details

  • 5,998 Sq Ft Lot
  • Property is Fully Fenced
  • Wood Fence
  • Back Yard
  • Zoning described as R10006

Parking

  • 1 Car Garage

Home Design

  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,890 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Formal Entry
  • Separate Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Finished Basement

Kitchen

  • <<builtInOvenToken>>
  • Gas Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Additional Features

  • Deck
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 026-052-150

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,205

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Age: 84
  • Listing Class: Residential
  • Structure Sq Ft: 2890
  • Incorporated: Yes
  • Year Built: 1935
  • Zoning Description: R10006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Countertop - Granite, Dishwasher, Oven - Built-In, Oven Range - Built-In, Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2890
  • Stories: 2
  • Flooring: Hardwood, Tile
  • Additional Rooms: Basement - Finished, Basement - Unfinished, Formal Entry
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Half on Ground Floor, Stall Shower, Tile, Tub in Primary Bedroom
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tile
  • Yard/Grounds: Back Yard, Deck, Fenced
  • Fencing: Complete Perimeter, Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Schools

  • School District: San Mateo Union High
  • Elementary School: Lincoln Elementary
  • Middle School: Burlingame Intermediate
  • High School: Burlingame High
  • High School: 615
  • Elementary School: 677
  • Middle School: 675

Lot Info

  • Parcel Number: 026-052-150
  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: San Mateo Union High
  • Elementary School Text: Lincoln Elementary
  • High School Text: Burlingame High
  • Middle School Text: Burlingame Intermediate

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2022
Sold by
Varshney Neelaksh
Bought by
Varshney Neel
Current Estimated Value
$3,887,030

Purchase Details

Listed on
May 11, 2019
Closed on
Jun 12, 2019
Sold by
Selwood Virginia B and Brooks Rosemary Anne
Bought by
Varshney Neelaksh Kumar and Diaz Carmen Patricia V
Seller's Agent
Patty Dwyer Group
Compass
Buyer's Agent
Mike Bohnert
Compass
List Price
$2,550,000
Sold Price
$2,800,000
Premium/Discount to List
$250,000
9.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$1,960,000
Interest Rate
2.95%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Varshney Neel -- --
Varshney Neelaksh Kumar $2,800,000 North American Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Varshney Neelaksh Kumar $1,935,000
Previous Owner Varshney Neelaksh Kumar $1,960,000
Previous Owner Brooks Lewis P M $405,000
Previous Owner Brooks Lewis P $250,000
Previous Owner Brooks Lewis P M $200,000
Previous Owner Brooks Lewis P M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2019 06/17/19 Sold $2,800,000 +9.8% $969 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
05/11/2019 05/11/19 For Sale $2,550,000 -- $882 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $38,205 $3,521,967 $2,560,115 $961,852
2023 $38,205 $3,002,163 $2,412,454 $589,709
2022 $33,359 $2,943,298 $2,365,151 $578,147
2021 $33,408 $2,885,587 $2,318,776 $566,811
2020 $32,713 $2,856,000 $2,295,000 $561,000
2019 $7,564 $2,500,000 $2,000,000 $500,000
2018 $2,247 $158,541 $36,609 $121,932
2017 $2,230 $155,434 $35,892 $119,542
2016 $2,150 $152,388 $35,189 $117,199
2015 $2,060 $150,100 $34,661 $115,439
2014 $2,163 $147,161 $33,983 $113,178
Source: Public Records

Agents Affiliated with this Home

  • Patty Dwyer Group

    Seller's Agent in 2019

    Patty Dwyer Group

    Compass

    (650) 931-2035

    23 in this area

    287 Total Sales

    Patty Dwyer Group
    Section Image

  • M

    Buyer's Agent in 2019

    Mike Bohnert

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81751487

MLSListings

APN: 026-052-150

California San Mateo County Burlingame 94010 Easton Addition

1432 Drake Ave, Burlingame, CA

This home is located at 1432 Drake Ave, Burlingame, CA 94010 since 11 May 2019 and is currently estimated at $3,887,030, approximately $1,344 per square foot. This property was built in 1935. 1432 Drake Ave is a home located in San Mateo County with nearby schools including Lincoln Elementary School, Burlingame Intermediate School, and Burlingame High School.

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